Hearing about all of the developments in the lives of our valued clients is one of the best things about having been a Nashua, NH Porsche dealer for as long as we’ve been a luxury car dealer. One of the most significant rites of passage we enjoy hearing about is when our clients tell us that their teenagers just earned their driver’s permit or driver’s license.
Really the only downside that comes with having a new driver in the family is the unavoidable, upward bump to your car insurance premium. Depending on a variety of factors, your insurance premium may go up by as much as 100 percent when you add a teenager to your auto insurance policy.
Fortunately, you can do a few things to keep your premium as low as possible if you’re planning to add a teenager to your policy. The first thing you should do is reach out to your insurance carrier.
Many carriers don’t advertise the discounts they make available to parents who’re adding a teen driver to their policy. While that’s the case, it doesn’t mean these discounts don’t exist. You should ask if you’re eligible for a good student discount if your child gets decent grades in school. Asking if you’re eligible for a discount if your child attended a safe driving program is a good idea, too.
If you’re going to buy a car for your teen driver, you may want to get a pre-owned vehicle instead of a new one. Insurance for a previously owned car is typically less expensive than insurance for a new model, which can help you offset any increase your premium experiences when you add a teen driver to your policy.
To get more tips about keeping your premium low when you add a teen driver to your policy, contact Porsche Nashua or visit our Porsche dealership now.